Sezal Glass executes business transfer agreement with Saint Gobain Glass India

Sezal Glass has executed a binding business transfer agreement with Saint Gobain Glass India for the sale of its Float Glass Business Undertaking as a going concern on slump sale basis, situated at Plot No. 36, Jhagadia Industrial Estate, Gujarat.

As per the terms and conditions as set out in the business transfer agreement the gross consideration for this transaction is Rs 686 crore. The shareholders of the company approved the sale of the undertaking by the company to Saint Gobain Glass India.

Sezal Glass is one of the preferred players in India and comprises of many companies; each offering a specific product range catering to different segments. The company is consistently analyzing and satisfying the customer's needs, conveniences and preferences.